Metal4h
Indian aluminium industry urges again for higher import duty. Will the government pay ears?
In July 2024, ahead of the Union Budget, Indian aluminium producers had asked for an import duty hike on aluminium scrap to 7 ...
Metal2h
NEV Production and Sales Continue to Grow, Rare Earth Permanent Magnets Market Shows Significant Polarization [SMM Analysis]
According to statistics from CAAM, in October 2024, China's NEV production and sales continued to show strong growth.
Metal2h
Concentrated Arrivals at Some Delivery Warehouses During the Week, Significant Increase in Silicon Metal Social Inventory [SMM Silicon Inventory]
Overnight, LME zinc prices opened at US$2,581/ton and reached a low of US$2,567/ton during the period. During the European trading session, LME zinc prices moved up and hit a high of US$2,605.5/ton, ...
Metal2h
The New National Standard for Secondary Copper (Alloy) Raw Materials Officially Implemented, Import Supervision Tightened [SMM Analysis]
On November 15, the highly anticipated new customs standards, "Secondary Copper Raw Material" GB/T 38471-2023 and "Secondary Copper Alloy Raw Material" GB/T 38470-2023, were officially implemented ...
Metal2h
Rare Earth Market Trading Atmosphere Remains Quiet: Future Trends of Raw Material Prices? [SMM Analysis]
Last week, rare earth market prices showed a fluctuating trend. The price of Pr-Nd oxide has adjusted to 419,000-421,000 yuan/mt, while the price of Pr-Nd alloy has dropped to 518,000-522,000 yuan/mt.
Metal2h
Cancellation of Export Tax Rebates for Copper Semis! How Copper Rod Factories Respond from the Export Mode Perspective [SMM Analysis]
On November 15, 2024, the Ministry of Finance and the State Administration of Taxation issued Announcement No. 15 of 2024.
Metal2h
Bottom Support for DMC Prices Gradually Emerges [SMM Analysis]
Last week, silicone monomer enterprises maintained stable quotations, with the market's lowest price at 12,500 yuan/mt.
Metal2h
ZEEKR completes first deliveries of ZEEKR X in Hong Kong
Shanghai (Gasgoo)- ZEEKR, an electric vehicle maker under Geely Holding, recently announced its first batch deliveries of 100 ZEEKR X vehicles in the Hong Kong market has been completed on November 16 ...
Metal2h
Lead Ingot Social Inventory Growth Slowed as Delivery Impact Faded [SMM Survey]
According to an SMM survey, as of November 18, the total social inventory of lead ingots in five regions reached 85,000 mt, an increase of 5,900 mt compared to November 11 and an increase of ...
Metal7h
The US dollar dropped back slightly, and LME lead surged significantly. Domestic social inventory growth slowed down [SMM Lead Morning Comment]
Macro side, the US dollar index dropped back slightly, easing the pressure on base metals, leading to a rebound in LME lead.
Metal7h
Will the Bank of Japan continue to raise interest rates? Copper prices are expected to have bottom support [SMM Copper Morning Comment]
LME copper opened at $9,009.5/mt overnight, with the initial focus dropping to $8,958/mt.
Metal6h
SHFE tin continued to rise during the night session, and the spot market is expected to cool down [SMM Tin Morning News Nov 19]
Overnight, LME zinc prices opened at US$2,581/ton and reached a low of US$2,567/ton during the period. During the European trading session, LME zinc prices moved up and hit a high of US$2,605.5/ton, ...